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Lowe's Companies Inc (LOW.N)

LOW.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Lowe's CFO Marshall Croom To Retire
Monday, 4 Jun 2018 

June 4 (Reuters) - Lowe's Companies Inc ::LOWE'S ANNOUNCES CFO RETIREMENT.LOWE'S COMPANIES INC - MARSHALL CROOM PLANS TO RETIRE FROM COMPANY, EFFECTIVE OCT. 5, 2018.LOWE'S COMPANIES INC - CROOM WILL CONTINUE IN HIS ROLE AS CHIEF FINANCIAL OFFICER UNTIL HIS SUCCESSOR IS APPOINTED.LOWE'S COMPANIES INC - LOWE'S IS CONDUCTING AN EXTERNAL SEARCH FOR ITS NEXT CFO AND HAS RETAINED AN EXECUTIVE SEARCH FIRM TO ASSIST IN PROCESS.  Full Article

Ackman Takes Roughly $1 Billion Stake In Lowe’s- WSJ, Citing Sources
Wednesday, 23 May 2018 

May 23 (Reuters) - :ACKMAN TAKES ROUGHLY $1 BILLION STAKE IN LOWE'S- WSJ, CITING SOURCES.  Full Article

Lowe's First Quarter Earnings Per Share $1.19
Wednesday, 23 May 2018 

May 23 (Reuters) - Lowe's Companies Inc ::LOWE'S REPORTS FIRST QUARTER SALES AND EARNINGS RESULTS.Q1 EARNINGS PER SHARE $1.19.Q1 SALES $17.4 BILLION VERSUS I/B/E/S VIEW $17.46 BILLION.Q1 SAME STORE SALES ROSE 0.6 PERCENT.Q1 EARNINGS PER SHARE VIEW $1.22 -- THOMSON REUTERS I/B/E/S.REAFFIRMS FISCAL YEAR 2018 GUIDANCE.FY EARNINGS PER SHARE VIEW $5.47, REVENUE VIEW $71.20 BILLION -- THOMSON REUTERS I/B/E/S.LOWE'S - PROLONGED UNFAVORABLE WEATHER ACROSS GEOGRAPHIES LED TO DELAYED SPRING SELLING SEASON WHICH IMPACTED RESULTS IN OUTDOOR CATEGORIES IN QUARTER.  Full Article

Lowe's Says Annual Base Salary Rate Of $1.45 Mln For Newly Appointed CEO
Tuesday, 22 May 2018 

May 22 (Reuters) - Lowe's Companies Inc ::LOWE'S COMPANIES SAYS ANNUAL BASE SALARY RATE OF $1.45 MILLION FOR NEWLY APPOINTED CEO MARVIN ELLISON - SEC FILING.  Full Article

Lowe's Companies says Q4 Online Comparable Sales Growth Up 28 Pct
Wednesday, 28 Feb 2018 

Feb 28 (Reuters) - Lowe's Companies Inc ::LOWE'S COMPANIES SAYS Q4 TOTAL TRANSACTION COUNT DECREASED 0.8 PERCENT (NOT 7 PERCENT)- CONF CALL.LOWE'S COMPANIES SAYS Q4 ONLINE COMPARABLE SALES GROWTH INCREASED 28 PERCENT - CONF CALL.LOWE'S COMPANIES CFO SAYS CO EXPECTS OPERATING MARGIN TO IMPROVE AFTER 2018 - CONF CALL.LOWE'S COMPANIES CFO SAYS "WITH OUR DECISION TO ACCELERATE STRATEGIC INVESTMENTS, WE ARE REEVALUATING OUR LONG-TERM TARGETS"- CONF CALL.LOWE'S COMPANIES COMPS WERE 1.1 PERCENT IN NOVEMBER, 7.7 PERCENT IN DECEMBER AND 3.4 PERCENT IN JANUARY- CONF CALL.  Full Article

Lowe's To Expand Sherwin-Williams Partnership
Wednesday, 28 Feb 2018 

Feb 28 (Reuters) - Lowe's Companies Inc ::LOWE'S TO EXPAND SHERWIN-WILLIAMS PARTNERSHIP.LOWE'S COMPANIES INC - SHERWIN-WILLIAMS WILL BECOME THE ONLY NATIONWIDE SUPPLIER TO LOWE'S U.S. RETAIL OUTLETS FOR INTERIOR AND EXTERIOR PAINTS.LOWE'S COMPANIES - WILL INTRODUCE KRYLON SPRAY PAINT IN ITS FISCAL Q1 AND ADD NEW PAINT, STAIN AND APPLICATOR PROGRAMS OVER COURSE OF YEAR.  Full Article

Lowe's Q4 Adjusted Earnings Per Share $0.74 Excluding Items
Wednesday, 28 Feb 2018 

Feb 28 (Reuters) - Lowe's Companies Inc ::LOWE'S REPORTS FOURTH QUARTER SALES AND EARNINGS RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.74 EXCLUDING ITEMS.Q4 SALES $15.5 BILLION VERSUS $15.8 BILLION.Q4 SAME STORE SALES ROSE 4.1 PERCENT.Q4 EARNINGS PER SHARE $0.67.2018 ‍TOTAL SALES ARE EXPECTED TO INCREASE APPROXIMATELY 4 PERCENT​.2018 ‍COMPARABLE SALES ARE EXPECTED TO INCREASE APPROXIMATELY 3.5 PERCENT​.SEES FY 2018 EARNINGS PER SHARE $5.40 TO $5.50.Q4 EARNINGS PER SHARE VIEW $0.87, REVENUE VIEW $15.33 BILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $4.52, REVENUE VIEW $68.59 BILLION -- THOMSON REUTERS I/B/E/S.INCURRED ‍$0.02 PER SHARE FOR A TAX CHARGE ASSOCIATED WITH TAX CUTS AND JOBS ACT OF 2017 IN Q4 2017​.  Full Article

Lowe's Expands Benefits And Announces Cash Bonus
Thursday, 1 Feb 2018 

Feb 1 (Reuters) - Lowe's Companies Inc ::LOWE'S EXPANDS BENEFITS AND ANNOUNCES CASH BONUS.LOWE'S COMPANIES INC - WILL OFFER A ONE-TIME BONUS UP TO $1,000 FOR ITS MORE THAN 260,000 HOURLY EMPLOYEES.LOWE'S COMPANIES INC - ESTIMATES THAT IMPACT OF TAX CUTS AND JOBS ACT OF 2017 WILL RESULT IN ADDITIONAL NET TAX EXPENSE OF ABOUT $75 MILLION IN Q4.LOWE'S COMPANIES - CHARGE, WITH ONE-TIME BONUS, IS EXPECTED TO NEGATIVELY IMPACT 2017 Q4 DILUTED EPS BY ABOUT $0.14.LOWE'S COMPANIES INC - FOR FISCAL 2018, LOWE'S ESTIMATES THAT NET IMPACT OF TAX REFORM ON ITS TAX PROVISION AND CASH TAXES PAID WILL BE POSITIVE.  Full Article

Lowe's Announces Three New Appointments To Board Of Directors
Friday, 19 Jan 2018 

Jan 19 (Reuters) - Lowe's Companies Inc ::LOWE'S ANNOUNCES THREE NEW APPOINTMENTS TO BOARD OF DIRECTORS.LOWE'S ANNOUNCES THREE NEW APPOINTMENTS TO BOARD OF DIRECTORS.LOWE'S COMPANIES - ‍ APPOINTED DAVID BATCHELDER, CO-FOUNDER OF RELATIONAL INVESTORS, AND LISA WARDELL, CEO OF ADTALEM GLOBAL EDUCATION, TO ITS BOARD.LOWE'S COMPANIES INC - WILL NOMINATE BATCHELDER, WARDELL AND NEW NOMINEE BRIAN C. ROGERS FOR ELECTION AT LOWE'S 2018 ANNUAL MEETING OF SHAREHOLDERS.LOWE'S COMPANIES INC - FOLLOWING ROBERT JOHNSON'S RETIREMENT, LOWE'S BOARD WILL BE COMPOSED OF 13 DIRECTORS.  Full Article

D.E. Shaw Builds Activist Stake In Lowe's- Bloomberg
Saturday, 13 Jan 2018 

Jan 12 (Reuters) - :D.E. SHAW BUILDS ACTIVIST STAKE IN LOWE’S- BLOOMBERG, CITING SOURCES.D.E. SHAW PLANS TO USE IT’S HOLDING TO AGITATE FOR CHANGES AT LOWE’S- BLOOMBERG, CITING SOURCES.  Full Article

Lowe's to scrap four positions including chief operating officer

July 9 Home improvement chain Lowe's Cos Inc said on Monday it would eliminate several key positions including chief operating officer.